Reliance Industries may see upside of Rs 100 from current levels, says Jagdish Malkani, Member- NSE/ BSE.
Malkani told CNBC-TV18, "Reliance Industries, clearly with the amount of cash they have had, with the BP deal etc except of course the big question there is how much of this whole issue of the gas- the government bearing down on the arbitration etc but frankly again that's in the price and one has too much faith in this company and the stock itself. So yes I think you could easily have a Rs 100 upside from here."
He further added, "I would even stick my neck out - Tata Power . I think the gloom has been overdone about Mundra and that whole Indonesian story. Tata Steel itself yes, goes hurting, etc. But whatever you may say, the domestic business is doing very well. They are very well placed with iron ore, coking coal, etc. Then I would even go as far as I think the fall in the power/capital goods sector being very overdone. All the stocks, BHEL , Siemens , even I would go as Crompton Greaves or there is a little one called Alstom Power which has really got a real drubbing. I think some of these - lot of bad news is in the stock prices."
